Kroll appointed administrators of Meatless Farm

This news comes just days after the vegan food company made most of its staff redundant. It had seen sales grow over recent years, but it failed to turn a profit – with its 2021 results showing that while revenues almost doubled from £7.5m to £12.5m, losses increased from £15.4m to £23.5m. 

Backers are expected to lose millions because of the failure, which raised about £40m since being founded in 2016, with the firm having racked up almost £50m in operating losses in the past three years – while its revenues fell from £12.5m to £11.2m between 2021 and 2022.

  
Kroll was hired at the end of May as advisors for the firm and has since been exploring all options for the business and its assets.